Arrowstreet Capital Limited Partnership Has $20.81 Million Stock Position in DigitalOcean Holdings, Inc. $DOCN

Arrowstreet Capital Limited Partnership cut its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 33.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 728,468 shares of the company’s stock after selling 362,378 shares during the period. Arrowstreet Capital Limited Partnership owned 0.80% of DigitalOcean worth $20,805,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in DOCN. Schroder Investment Management Group acquired a new stake in shares of DigitalOcean in the 2nd quarter valued at approximately $1,552,000. Norges Bank bought a new position in shares of DigitalOcean in the 2nd quarter valued at about $22,633,000. Hsbc Holdings PLC acquired a new position in shares of DigitalOcean during the 2nd quarter worth about $921,000. Choreo LLC lifted its stake in DigitalOcean by 12.1% in the 2nd quarter. Choreo LLC now owns 15,818 shares of the company’s stock valued at $452,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in DigitalOcean by 11.7% during the second quarter. Russell Investments Group Ltd. now owns 318,393 shares of the company’s stock worth $9,093,000 after purchasing an additional 33,314 shares during the period. Institutional investors and hedge funds own 49.77% of the company’s stock.

DigitalOcean Stock Performance

DOCN opened at $48.31 on Monday. The stock has a fifty day moving average of $42.32 and a 200-day moving average of $34.72. The company has a market capitalization of $4.42 billion, a P/E ratio of 19.48, a P/E/G ratio of 6.07 and a beta of 1.77. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $52.20.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.31 by $0.23. DigitalOcean had a net margin of 29.15% and a negative return on equity of 92.51%. The business had revenue of $229.63 million for the quarter, compared to the consensus estimate of $226.55 million. During the same period in the prior year, the company posted $0.52 earnings per share. DigitalOcean’s revenue was up 15.9% compared to the same quarter last year. DigitalOcean has set its Q4 2025 guidance at 0.350-0.400 EPS and its FY 2025 guidance at 2.000-2.050 EPS. On average, equities research analysts predict that DigitalOcean Holdings, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DOCN has been the topic of several research analyst reports. Oppenheimer initiated coverage on DigitalOcean in a research note on Monday, November 10th. They issued an “outperform” rating and a $60.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of DigitalOcean in a research note on Monday, December 1st. Cantor Fitzgerald set a $47.00 price objective on shares of DigitalOcean and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Barclays upped their price objective on shares of DigitalOcean from $40.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Canaccord Genuity Group raised their target price on shares of DigitalOcean from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, DigitalOcean has an average rating of “Moderate Buy” and a consensus target price of $48.75.

DigitalOcean Profile

DigitalOcean Holdings, Inc, through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. The company’s platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and growing digital businesses. It also offers infrastructure-as-a-service (IaaS) solutions comprising compute and storage services, as well as networking projects, including Cloud Firewalls software, Managed Load Balancers software, and Virtual Private Cloud (VPC).